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UK Expands Nuclear Strategy With £14.2 Bn for Sizewell C and £2.5 Bn for Small Modular Reactors

The funding aims to support energy security by delivering low-carbon power to six million households.

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London: Der britische Premierminister Keir Starmer hält eine Pressekonferenz in der Downing Street in London ab.
Projektion von "Stop Sizewell C" in dunkler Landschaft

Overview

  • The Sizewell C project in Suffolk will feature two 1.63 GW EPR reactors and is slated to take nine to twelve years to complete.
  • Financing will use a Regulated Asset Base model that guarantees investor returns through a levy on electricity bills.
  • Officials estimate Sizewell C will generate around 10,000 jobs during construction and operation.
  • A parallel £2.5 bn investment will advance small modular reactor technology with first units planned for grid connection in the mid-2030s.
  • The nuclear push underpins the UK’s goal of phasing out fossil fuels by 2030 and contrasts with Germany’s completed nuclear exit.